Blog Profile / Dr Housing Bubble


URL :http://www.doctorhousingbubble.com/
Filed Under:Real Estate / Real Estate Industry News
Posts on Regator:745
Posts / Week:1.4
Archived Since:March 20, 2008

Blog Post Archive

The future of California will be with rentals:  California’s homeownership rate will remain stagnant for the next decade.

While indicators of the economy seem to be doing well, the homeownership rate in California is telling a different story.  The unemployment rate looks healthy, the stock market is still very high even with the recent correction, and people seem to be spending beyond their means once again with credit card debt solidly above $1 […]

The evaporation of housing inventory:  What a continued drought in housing inventory will mean for the real estate market.

The housing market continues to operate in a very lean environment.  Home builders are building but are focusing their efforts on multi-family units to cater to a growing renting population.  Builders are also shy about placing big bets given the recent memory of the previous housing bubble.  Places where they can build freely like Arizona, […]

Roommate Nation:  30 percent of working adults are now living with a roommate.

With the rent being too damn high, many Americans are now opting to live with a roommate (or two or three in the case of San Francisco and Los Angeles).  We now have a record number of adult Americans living with roommates.  This coincides with a stagnant growth in the homeownership rate especially in crap […]

Canada went full USA with their housing bubble:  Their bubble is just starting to burst with home values dropping for the first time since Q1 2009.

The Canadian housing market is entering into a “housing correction” courtesy of the mega debt our neighbors to the north have taken on.  The bubble grew and grew and like most real estate bubbles, they can go on for years beyond what most would expect.  Canada’s housing market is deep in a bubble.  You have […]

California renters will come out ahead with new tax plan while homeowners will see a higher tax bill under GOP plan.

You constantly hear that owning a home is a no brainer in California because you will always get major tax benefits.  Well the new GOP tax plan is actually going to benefit California renters while California homeowners in crap shacks will see higher tax bills.  It is an interesting tax proposal because the typical US […]

GOP tax plan will be a bad hombre for the California housing market:  National Association of Realtors warns that prices can fall by 8 to 12 percent if tax plan is approved.

It seems like a lot of people are tripping over themselves regarding the GOP tax plan.  For California, the housing cheerleaders always trumpeted the massive amount of tax deductions you got when buying a ridiculous crap shack.  I always found this to be absurd.  You usually got “free market” thinkers on the economy but then […]

San Francisco housing market near bubble risk according to UBS report.  Majority of Bay Area renters plan to leave.

The San Francisco housing market is the most overvalued market in the United States.  People over inflate the market because tech is sexy and cool and many are chasing the next Google, Amazon, or Facebook.  Everyone wants to strike it rich with as little work as possible.  And what better way to do that than […]

Smallest home in Los Angeles:  264 square foot studio selling for $550,000 highlights collective insanity.

People have once again lost their collective marbles when it comes to real estate.  There is now a massive trend with momentum for non-stop housing appreciation.  In other words, our housing bubble sins are now fully washed away making way for more aggressive risk taking.  I’ve been traveling and seeing real estate from many different […]

The land of the permanent renter:  More single family homes are now rentals with households moving less.

There has been a massive trend towards renting.  The vast majority of household growth since the housing bubble imploded has been with rental households.  I know this is hard to believe for Taco Tuesday baby boomers but this is simply the new reality.  And all of those investors that bought up single family homes for […]

San Francisco housing still in manic phase:  Dump that is “uninhabitable” with fire damage has pending offer at $1.4 million.

Well being back in the Bay Area I realize once again how delusional people have become when it comes to chasing unicorn startups and all things real estate.  I ran into multiple people and it seems like everyone is talking about real estate.  Some of these people were showing me “deals” on apps like Zillow […]

Getting out of San Francisco:  83 percent of Bay Area renters plan to leave the area before settling down.

San Francisco real estate continues to operate in a land of full on self-indulged delusion and pseudo-tech worship.  I travel to the Bay Area and San Francisco often and the amount of self-delusion when it comes to real estate is amazing.  You will find all of these convoluted justifications as to why a crap shack […]

California Dreaming – More than a third of California households have virtually no savings.

A lot of people do not equate California with poverty.  You certainly don’t think of poverty when you look at real estate values in places like San Francisco even though the homeless issue is right in your face.  The reality is that most people do not live lavish lifestyles.  In fact, a new report highlights […]

San Francisco housing market overheats:  Tech beauty is unable to modify the realities of the real estate market.  

The San Francisco housing market is the most inflated and delusional market in the United States. It does make sense though at least from a psychological perspective.  You have many people that are cubicle or open space programming junkies working away to create the new app or new crypto currency and somehow, they feel that […]

Baby boomers are refusing to sell and will age like a fine wine in their homes.  The dominant force in the housing market.

Older Americans own half of the houses in the market.  Many are simply refusing to sell and others have adult “kids” moving back in since they can’t afford a place to rent or buy.  It is a Catch 22 and many people are looking at countries like Italy where the number of adults that live […]

The growing underclass of the Orange County Bubble:  You need to earn an hourly wage of $28 to afford a basic one-bedroom apartment but 68 percent of OC jobs pay less than that amount.

You have to love the Orange County bubble.  It is fitting that Disneyland is in Anaheim and actually has some of the poorest households in the entire county.  You have a world of Princesses and fantasy and right in the same city you have topless dancing fulfilling a fantasy of a different sort.  You have […]

California homeowners are getting older and taking homes into the grave.  Property turnover has fallen substantially since 2000.

California homeowners are entering into their geriatric phase.  The share of homes owned by older Californians has grown substantially since 2000.  The Taco Tuesday baby boomer crowd is dominating the ranks of homeowners.  This trend is new and because of key items like Prop 13 and Millennials living with parents, very few homes are turning […]

Los Angeles is the Whole Foods of Rental Markets:  Renter households spend nearly 50 percent of their income on rent.

The rental apocalypse continues in Los Angeles.  It is interesting to see how far some house humpers will go trying to justify prices.  Some are arguing future weed sales are going to create another boom which is somewhat ironic since the benefits are actually to mellow you out, not turn you into a Taco Tuesday […]

Millennials have the lowest homeownership rate in Los Angeles:  Less than 18 percent of young adults own a home.   

Los Angeles now takes the award for having the lowest homeownership rate for Millennials.  As it turns out most young adults are either living at home with their Taco Tuesday baby boomer parents or are living like sardines in rentals.  The options are limited short of forking over a massive amount of money and committing […]

Treating homes like ATMs is back in fashion: Home Equity Withdrawals rising at fastest pace since Great Recession.

I love getting tips from Uber drivers especially when it comes to buying real estate.  We are now back at that level where real estate can do no wrong, the house humpers are confusing luck with investment acumen, and of course the sheep dive in head first at the most frothy time.  It is clear […]

San Francisco and tech driven housing mania: The median home in San Francisco reaches a new high of $1.5 million.

San Francisco real estate is deep into a tech driven mania.  Home prices in the Bay Area are comically out of reach for most families and people are getting squeezed out like ketchup in a disposable packet.  What seemed like a new peak was once again surpassed.  The housing market is running on massive fumes […]

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